Janney selects iCapital to boost alternative investment offering

iCapital Network

Kevin Reed, Head of Wealth Management, Janney Montgomery Scott

FinTech platform iCapital Network and Janney Montgomery Scott LLC, a financial services firm, have entered into a strategic partnership. As a part of this, Janney will utilize iCapital’s technology as a white-label solution to enhance its alternative investment capabilities.

Through the partnership, Janney’s financial advisors will gain access to iCapital’s online menu of private equity and hedge fund offerings with an ability to incorporate the investments into client portfolios, according to a statement

Within the fund menu, the FinTech firm’s research and due diligence team provide an array of alternative investment offerings to help achieve desired client outcomes of growth, income, and portfolio diversification. The company will also offer educational and detailed product support to Janney’s financial advisors.

“This new partnership substantially enhances Janney’s alternative investment offering and provides our Financial Advisors with access to a diverse menu of industry-leading hedge fund and private equity managers. The broadening of Janney’s alternatives platform will immediately strengthen our ability to deliver a more comprehensive set of solutions to our clients,” Kevin Reed, head of wealth management at Janney Montgomery Scott stated.

iCapital Network

iCapital Network’s financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their client base, asset managers and banks. The firm’s platform offers advisors and their clients, access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Asset managers and banks leverage its tech-enabled services to streamline and scale their private investment operational infrastructure.

Janney Montgomery Scott LLC

Janney is a subsidiary of The Penn Mutual Life Insurance Company. Its area of expertise includes asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity, and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management.

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